Question
Dave and Kim, both age 35, are married and file a joint return. The couple has AGI of $134,000. Kim is an active participant in
Dave and Kim, both age 35, are married and file a joint return. The couple has AGI of $134,000. Kim is an active participant in her employers retirement plan. Dave does not work.
(a) Whats the maximum deductible amount that Kim may contribute to an IRA?
(b) Whats the maximum deductible amount that Dave may contribute to an IRA?
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
